LXP Industrial Trust (NYSE: LXP)’s stock price has decreased by -1.23 compared to its previous closing price of 8.93. However, the company has seen a -5.36% decrease in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-04-12 that WEST PALM BEACH, Fla., April 12, 2024 (GLOBE NEWSWIRE) — LXP Industrial Trust (NYSE:LXP) (“LXP”), a real estate investment trust (REIT) focused on single-tenant warehouse and distribution real estate investments, today announced it will release its first quarter 2024 financial results the morning of Thursday, May 2, 2024. LXP will host its conference call and webcast that same day at 8:30 a.m., Eastern Time to discuss these results. Participants may access the call and webcast by the following:
Is It Worth Investing in LXP Industrial Trust (NYSE: LXP) Right Now?
The price-to-earnings ratio for LXP Industrial Trust (NYSE: LXP) is above average at 107.96x. The 36-month beta value for LXP is also noteworthy at 0.81. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 7 rating it as “hold,” and 2 rating it as “sell.”
The public float for LXP is 286.82M, and at present, short sellers hold a 1.28% of that float. The average trading volume of LXP on April 17, 2024 was 2.41M shares.
LXP’s Market Performance
LXP’s stock has seen a -5.36% decrease for the week, with a -1.78% drop in the past month and a -5.77% fall in the past quarter. The volatility ratio for the week is 1.99%, and the volatility levels for the past 30 days are at 2.23% for LXP Industrial Trust The simple moving average for the last 20 days is -1.51% for LXP stock, with a simple moving average of -4.05% for the last 200 days.
Analysts’ Opinion of LXP
Many brokerage firms have already submitted their reports for LXP stocks, with KeyBanc Capital Markets repeating the rating for LXP by listing it as a “Overweight.” The predicted price for LXP in the upcoming period, according to KeyBanc Capital Markets is $12 based on the research report published on May 15, 2023 of the previous year 2023.
BofA Securities gave a rating of “Underperform” to LXP, setting the target price at $14 in the report published on April 18th of the previous year.
LXP Trading at -0.84% from the 50-Day Moving Average
After a stumble in the market that brought LXP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.63% of loss for the given period.
Volatility was left at 2.23%, however, over the last 30 days, the volatility rate increased by 1.99%, as shares sank -1.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.82% lower at present.
During the last 5 trading sessions, LXP fell by -5.36%, which changed the moving average for the period of 200-days by -9.54% in comparison to the 20-day moving average, which settled at $8.95. In addition, LXP Industrial Trust saw -11.09% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for LXP
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.29 for the gross margin
The net margin for LXP Industrial Trust stands at 0.09. The total capital return value is set at 0.0. Equity return is now at value 1.32, with 0.73 for asset returns.
Based on LXP Industrial Trust (LXP), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 0.77. The interest coverage ratio of the stock is 0.06.
Currently, EBITDA for the company is 255.94 million with net debt to EBITDA at 22.43. When we switch over and look at the enterprise to sales, we see a ratio of 11.92. The receivables turnover for the company is 3.97for trailing twelve months and the total asset turnover is 0.08.
Conclusion
In summary, LXP Industrial Trust (LXP) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
